(1,3043) The EUR/DOLL confirmed on Friday a session of consolidation remaining interior the range of the previous day forming a new inside day with now 1,3105 – 1,2980 the levels to follow in the coming hours. Only a daily closing below 1,2980 will finally favour lower levels suggesting a direct break below the 200 days line at 1,2953!! The weekly closing was negative compared to previous week but also below the week’s opening. The indicators of the daily chart are however still positive but those of the weekly one remain below the line suggesting further weakness!! The indicators of the s/t charts are above the line at the moment, showing however a mixed picture. The EUR/DOLL is at the moment above the 200 hours line, now s/t support at 1,3042; while above this line we have to expect some upside potential that we still as corrective!! We stay on the sideline while waiting for stronger signals.
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